Chapter 13 试题.doc

Economics of Money, Banking, and Fin. Mkts., 2e (B.S. Ed.) (Mishkin) Chapter 13?? Nonbank Finance ? 13.1?? Insurance ? 1) The regulatory agency responsible for regulating the activities of life insurance companies is A) the FDIC. B) the Fed. C) the FHLBS. D) the appropriate state agency where the company is operating. Answer:? D Ques Status:? Previous Edition ? 2) Which of the following is true of life insurance companies? A) Typically the type of assets that life insurance companies hold are corporate bonds, commercial mortgages, and corporate stock. B) The two typical forms of life insurance polices that are held can be classified as whole and variable life policies. C) The major risk that life insurance companies face is that payouts to policy holders are very hard to predict. D) Life insurance companies have suffered from wide spread failures. Answer:? A Ques Status:? Previous Edition ? 3) Life insurance companies are regulated by state governments because A) they have never experienced bankruptcy. B) they have never experienced profitability. C) they have never experienced widespread failures. D) they hold only highly liquid assets. Answer:? C Ques Status:? Previous Edition ? 4) The insurance industry's share of total financial intermediary assets fell because of A) poor investment returns in the 1960s and 1970s. B) widespread failures of life insurance companies. C) federal regulations limiting the sale of life insurance. D) unpredictability of payouts. Answer:? A Ques Status:? Previous Edition ? 5) An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance. A) term; variable life B) whole life; variable life C) whole life; term D) term; whole life Answer:? C Ques Status:? Previous Edition 6) A contract requiring payment of an annual premium in exchange for the payment of a future stream of payments beginning at a specified age and continuing until death is A) whole life insurance. B) an annuity. C) ter